a. FV of $300 paid eoch 6 months for 5 years at a nominal rate of 14% compounded semiannuali Do not round intermediate calculationisi Round your answer to the nearest cent. 5 b. FV of 5150 paid each 3 months for 5 years at a nominal rate of 14% compounded quarterly. Do not round intermediate calculationis. Round your answer to the nearest cent. 3 C. These annuities receive the sime amount of cash during the 5 -year penod and corn interest at the same nominal ratc, yet the annuity in part b ends up larger than the one in part a. Why does thak occu?? treelect- The ansivizy in part (b) is cornpoundad more fiequently; therefore, more interest is cameit on previously oamel interest